| ▲ | dcrazy 14 hours ago |
| Is it “soft fraud” when a manager at an investment bank regularly demands unreasonable productivity from their junior analysts, causing them to work late and effectively reduce their compensation rate? Only if the word “abuse” isn’t ambiguous and loaded enough for you! |
|
| ▲ | AtlanticThird 14 hours ago | parent | next [-] |
| Lying about a laptop being stolen is black and white. I'm not sure how you are trying to say that is ambiguous. I don't know what the hell you mean by the term unreasonable. Are you under the impression that investment banking analysts do not think they will have to work late before they take the role? |
| |
| ▲ | margalabargala 14 hours ago | parent | next [-] | | > Lying about a laptop being stolen is black and white. I'm not sure how you are trying to say that is ambiguous. I've been at startups where there's sometimes late night food served. I've never been at a startup where there was an epidemic about lying about stolen hardware. Staying just late enough to order dinner on the company, and theft by the employee of computer hardware plus lying about it, are not in the same category and do not happen with equal frequency. I cannot believe the parent comment presented these as the same, and is being taken seriously. | | |
| ▲ | appreciatorBus 12 hours ago | parent [-] | | Nah the laptop and the dinner are exactly the same, they only differ in timing. You can steal $2000 by lying about a stolen laptop or lying about working late. The latter method just takes a few months. | | |
| ▲ | margalabargala 12 hours ago | parent [-] | | We're not discussing lying about working late, we're discussing actually working late. | | |
| ▲ | kelnos 9 hours ago | parent [-] | | The person way upthread said: > people started staying just late enough for the food delivery to arrive while scrolling on their phones and then walking out the door with their meal. That doesn't sound like actually working late? (I still agree with you, though, that this isn't the equivalent of stealing a laptop, even if you do it enough to take home $2,000 worth of dinner.) |
|
|
| |
| ▲ | scotty79 7 hours ago | parent | prev [-] | | > Lying about a laptop being stolen is black and white. Well, it was stolen. The only lie is by whom. |
|
|
| ▲ | WalterBright 11 hours ago | parent | prev | next [-] |
| Your employer being unreasonable is not an excuse to defraud him in return. Negotiate for better conditions. If agreement cannot be reached, find another job. |
| |
|
| ▲ | gregshap 13 hours ago | parent | prev | next [-] |
| The pay and working hours are extremely well known to incoming jr investment bankers |
|
| ▲ | wmf 14 hours ago | parent | prev | next [-] |
| Working late is official company policy in investment banking. |
|
| ▲ | dingnuts 13 hours ago | parent | prev [-] |
| Is this meant to be a gotcha question? Yes, unpaid overtime is fraud, and employers commit that kind of fraud probably just as regularly as employees doing the things up thread. none of it is good lol |
| |
| ▲ | jasode 13 hours ago | parent | next [-] | | >, unpaid overtime is fraud, gp was talking about salaried employees which is legally exempt from overtime pay. There is no rigid 40-hour ceiling for salary pay. Salary compensation is typical for white-collar employees such as analysts in investment banking and private equity, associates at law firms, developers at tech startups, etc. | |
| ▲ | SoftTalker 13 hours ago | parent | prev [-] | | The overtime is assumed and included in their 6-figure salaries. |
|
